ZLD.TO vs. DRMD.TO
ZLD.TO (BMO Low Volatility International Equity Hedged to CAD ETF) and DRMD.TO (Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF) are both Foreign Large Cap Equities funds. Over the past 5 years, ZLD.TO returned 6.48%/yr vs 11.15%/yr for DRMD.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
ZLD.TO vs. DRMD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZLD.TO achieves a 5.87% return, which is significantly lower than DRMD.TO's 11.41% return.
ZLD.TO
- 1D
- 0.32%
- 1M
- 3.66%
- 6M
- 4.78%
- YTD
- 5.87%
- 1Y
- 7.06%
- 3Y*
- 10.27%
- 5Y*
- 6.48%
- 10Y*
- 6.55%
DRMD.TO
- 1D
- -0.44%
- 1M
- -0.94%
- 6M
- 6.36%
- YTD
- 11.41%
- 1Y
- 22.63%
- 3Y*
- 18.01%
- 5Y*
- 11.15%
- 10Y*
- —
ZLD.TO vs. DRMD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZLD.TO BMO Low Volatility International Equity Hedged to CAD ETF | 5.87% | 9.63% | 11.11% | 11.37% | -6.68% | 12.56% | 8.62% |
DRMD.TO Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF | 11.41% | 27.57% | 11.54% | 13.94% | -8.20% | 9.85% | 20.29% |
Correlation
The correlation between ZLD.TO and DRMD.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.25 |
The correlation between ZLD.TO and DRMD.TO shifts across timeframes, from 0.25 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZLD.TO vs. DRMD.TO — Risk / Return Rank
ZLD.TO
DRMD.TO
ZLD.TO vs. DRMD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) and Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZLD.TO | DRMD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.30 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.95 | -0.95 |
| Martin ratioReturn relative to average drawdown | 2.14 | 7.78 | -5.64 |
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Drawdowns
ZLD.TO vs. DRMD.TO - Drawdown Comparison
The maximum ZLD.TO drawdown since its inception was -28.97%, which is greater than DRMD.TO's maximum drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for ZLD.TO and DRMD.TO.
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Drawdown Indicators
| ZLD.TO | DRMD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.97% | -23.39% | -5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -11.65% | +4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -7.47% | -14.40% | +6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -23.39% | +8.37% |
Max Drawdown (10Y)Largest decline over 10 years | -28.97% | — | — |
Current DrawdownCurrent decline from peak | -1.67% | -3.18% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -4.02% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 2.92% | +0.39% |
Volatility
ZLD.TO vs. DRMD.TO - Volatility Comparison
The current volatility for BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) is 1.91%, while Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD.TO) has a volatility of 3.23%. This indicates that ZLD.TO experiences smaller price fluctuations and is considered to be less risky than DRMD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZLD.TO | DRMD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 3.23% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 11.26% | -4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.43% | 13.64% | -5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.97% | 13.87% | -3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.82% | 13.87% | -1.05% |
Dividends
ZLD.TO vs. DRMD.TO - Dividend Comparison
ZLD.TO's dividend yield for the trailing twelve months is around 2.18%, while DRMD.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DRMD.TO Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF | 0.00% | 0.00% | 12.27% | 1.86% | 2.45% | 2.04% | 1.64% | 0.00% | 0.00% | 0.00% | 0.00% |
ZLD.TO BMO Low Volatility International Equity Hedged to CAD ETF | 2.18% | 2.29% | 2.45% | 2.66% | 2.62% | 2.31% | 2.62% | 2.17% | 2.36% | 2.23% | 1.96% |
Frequently Asked Questions
ZLD.TO and DRMD.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and Desjardins.
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